Finance

A trader takes an order in the Standard & Poor’s 500 stock index options pit at the Chicago Board Options Exchange following the Federal Open Market Committee meeting on January 25, 2012 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Buybacks have gotten a bad rap from both Republican and Democratic

Michael Novogratz, CEO of Galaxy Investment Partners Adam Jeffery | CNBC Macro trader turned bitcoin bull Michael Novogratz is calling for fixes to capitalism — and a possible tax on Wall Street. The former Fortress hedge-fund manager pointed to a rising income gap and lack of investment in public education in the United States. One

Traders work on the floor at the New York Stock Exchange May 7, 2019. Brendan McDermid | Reuters Trade headlines could be a big factor for markets in the week ahead, but investors will also be attuned to fresh inflation data and moves in the bond market, which is flashing new worries about the economy.

Facebook CEO Mark Zuckerberg has held talks with his old rivals the Winklevoss twins as the social media giant plans to launch its own cryptocurrency, the Financial Times reported Thursday. Facebook has held talks with the cryptocurrency exchanges Gemini, which was founded by the Winklevoss twins, and Coinbase, the report said, citing sources. The company

Investors rushed into the safety of bonds Thursday and dumped stocks, as it appeared the trade war could be prolonged and more painful for the world economy than expected. The moves in the bond market were dramatic, with the 10-year Treasury yield dropping about 8 basis points in its biggest one-day move since April 1.

The logo of the 3D printer manufacturer HP is seen during the event. Feria de Barcelona hosts the third edition of the (3D) industry week. Paco Freire | LightRocket | Getty Images Check out the companies making headlines after the bell: Shares of HP Inc. rose more than 1% in extended trading after the software

The “Fast Money ” traders shared their first moves for the market open. Tim Seymour was a buyer of McDonald’s. Karen Finerman was a buyer of Target. Steve Grasso was a buyer of Walmart. Brian Kelly was a seller of the Oil & Gas Exploration and Production ETF. Trader disclosure: Steve Grasso is long stock AAPL,

Slowing iPhone demand, trade war headwinds and possible ripple effects from a Huawei battle don’t bode well for Apple, according to a UBS analyst. The Swiss bank cut its 12-month price target on the iPhone maker to $225 — down from a previous $235. Apple closed at $186 Thursday. UBS still has a “buy” rating

Frank Polich | Bloomberg | Getty Images Stocks that would benefit from a federal infrastructure spending program fell more than the rest of the market and hit their lows of the day after President Donald Trump abruptly ended a meeting on infrastructure spending with Democratic leaders. Stocks like Granite Construction, Nucor, Martin Marietta Materials, Simpson

Check out the companies making headlines before the bell: Qualcomm — A federal judge has ruled that Qualcomm unlawfully hindered competition in the mobile phone chip market, and used its dominant position to charge excessive licensing feels. Target — The retailer earned an adjusted $1.53 per share for the first quarter, 10 cents a share

TransferWise co-founders Taavet Hinrikus and Kristo Kaarmann. TransferWise TransferWise, the money transfer company that’s taking on Western Union, is valued at $3.5 billion after a new investment round, making it Europe’s most valuable financial technology start-up. In lowering fees and adding a slick online platform to help consumers move money globally and track their transfers,

You know there’s an underlying problem when investment firms start to cut exposure to a particular asset class. Goldman Sachs’ decision last week to slash exposure to emerging markets is an indication of the current situation for these economies. The bank’s asset management arm said it had scaled back its “overweight” exposure to emerging market

Federal Reserve Chairman Jerome Powell said rising levels of corporate debt need watching but so far do not pose a threat to the financial system. The central bank chief spoke Monday at the Financial Markets Conference in Amelia Island, Florida, on assessing risks to the financial system a decade after the end of the financial

AlexRaths | Getty Images Start-ups’ fears of being strong-armed to focus on short-term profits is one reason some are opting to stay private. But those fears may be overblown, if the historical performance of money-losing biotechs is any indication. Much like consumer tech companies going public in 2019 — biotech companies rarely make money going

Shares of Deutsche Bank hit a record low Monday, down nearly 3%, after UBS downgraded the German lender’s stock to a “sell” rating from “neutral.” Pointing to tough external events and the low interest rate environment, UBS slashed its price target for Deutsche from 7.80 euros ($7.45) to 5.70 euros. “We downgrade to sell because

President Donald Trump and his senior advisor Jared Kushner arrive for a meeting with manufacturing CEOs at the White House in Washington, DC, U.S. February 23, 2017. Kevin Lamarque | Reuters Deutsche Bank ignored employees’ calls to report transactions made by legal entities controlled by President Donald Trump and Jared Kushner to the Treasury Department’s

There are two schools of thought on 61-year-old SoftBank founder Masayoshi Son. To quote from the 1990s animated cartoon theme song for “Pinky and the Brain”: One is a genius, the other’s insane. Son is one of the world’s wealthiest men, with a net worth of more than $20 billion. He founded a Japanese wireless

Conservative economics writer Stephen Moore, who has been advocating for the Federal Reserve to cut interest rates, told CNBC on Friday that he would feel vindicated if central bankers were to go down that path. “We could call that ‘Moore’s revenge'” if the Fed ends up cutting rates, said Moore, who earlier this month under

Despite the new burst of market volatility, long-time bull Edward Yardeni sees a return to all-time highs this year. And, he believes U.S. multinational companies, which are directly exposed to the trade war, will ultimately help provide the market boost. “I think it moves higher partly because there’s a recognition that even companies that do